Investment or Flip Opportunity! This 1.7-acre property in Springfield offers huge potential for the savvy investor or visionary flipper. Just a 10-minute drive to Thurston's grocery stores, restaurants, and amenities, the lot includes two existing dwellings. The lower red/brown home is currently uninhabitable, and the gray home at the top left of the property is a significant fixer-upper, also likely uninhabitable. Neither structure has active electric or water services. Pump house located on the lower road, next to red house. Extensive buyer due diligence is strongly advised. With the right vision, this property could be transformed into a dual-living setup or an ideal multi-generational homestead.
Sold
$150,000
87376 Cedar Flat Rd, Springfield, OR 97478
1beds
748sqft
Residential, Single Family Residence
Built in 1946
1.7 Acres Lot
$-- Zestimate®
$201/sqft
$1,369 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,369/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 24, 2025 at 03:30am
Listed by:
Joshua Cooley 541-954-4528,
Keller Williams The Cooley Real Estate Group,
Kyle Mudder 541-954-4528,
Keller Williams The Cooley Real Estate Group
Bought with:
Angela Burrell, 201217214
Triple Oaks Realty LLC
Source: RMLS (OR),MLS#: 438333721
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Heating
- None
Cooling
- None
Interior area
- Total structure area: 748
- Total interior livable area: 748 sqft
Property
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Creek/Stream, Mountain(s)
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Size: 1.70 Acres
- Features: Trees, Wooded, Acres 1 to 3
Details
- Parcel number: 0556090
- Zoning: RR5
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Shingle Siding, Wood Siding
- Roof: Metal
Condition
- Fixer
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Springfield
Other
Other facts
- Listing terms: Cash,Other
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2025 | Sold | $150,000-33.3%$201/sqft |
Source:  RMLS (OR) #438333721 | ||
| 7/7/2025 | Pending sale | $225,000$301/sqft |
Source: RMLS (OR) #438333721 | ||
| 6/13/2025 | Listed for sale | $225,000$301/sqft |
Source: RMLS (OR) #438333721 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,998 +0.7% | $176,804 +3% |
| 2023 | $1,984 +4% | $171,655 +3% |
| 2022 | $1,908 +2.3% | $166,656 +3% |
Find assessor info on the county website
Neighborhood: 97478
Nearby schools
GreatSchools rating
- 4/10Walterville Elementary SchoolGrades: K-5Distance: 4.9 mi
- 6/10Thurston Middle SchoolGrades: 6-8Distance: 3.6 mi
- 5/10Thurston High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: Walterville
- Middle: Thurston
- High: Thurston
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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